BMO Capital Reaffirms Their Hold Rating on Energen Corp

By Jason Carr

In a report released yesterday, Daniel Boyd from BMO Capital reiterated a Hold rating on Energen Corp (NYSE: EGN), with a price target of $70. The company’s shares opened today at $47.39.

According to TipRanks.com, Boyd is a 4-star analyst with an average return of 6.0% and a 56.5% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oil States International, and Rice Midstream Partners.

Energen Corp has an analyst consensus of Moderate Buy, with a price target consensus of $66.

Energen Corp’s market cap is currently $4.6B and has a P/E ratio of 66.75. The company has a book value ratio of 1.4590.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Charles W. Porter, the VP & CFO of EGN sold 6,000 shares for a total of $327,600.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Energen Corp. is an oil and gas exploration and production company, which engages in drilling and development of assets in the Permian Basin of west Texas. The company was founded in 1978 and is headquartered in Birmingham, AL.,000J5M-E